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May 2016, FIA Law & Compliance Conference
November 9, 2016, Cov Financial Services
On November 7, 2016, the Office of the Comptroller of the Currency (“OCC”) announced that the agency will begin phasing in a new, centralized online system for processing licensing and public welfare investment applications and notices filed by national banks, federal savings associations, and federal branches and agencies (collectively, “banks”). The new ...
October 13, 2016, Cov Financial Services
On October 11, 2016, the New York State Department of Financial Services (“NYDFS”) issued guidance to its regulated banking organizations regarding incentive compensation practices. The guidance is intended to address recent concerns over compensation practices that may incentivize employees to engage in inappropriate sales practices. NYDFS’s guidance advises ...
March 10, 2016
NEW YORK — Covington represented MidFirst Bank in its acquisition of 1st Century Bancshares, Inc. 1st Century is a publicly traded bank-holding company of 1st Century Bank of Los Angeles.
Simultaneously with the closing of the acquisition, 1st Century Bank will be merged into MidFirst Bank. Following these transactions, the business of 1st Century Bank will ...